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UPSC 2020: Consider the following statements: 1. The value of Indo-Sri Lanka trade has consistently increased in the last decade. 2. “Textile and textile articles” constitute an important item of trade between India and Bangladesh. 3. In the last five years, Nepal has been the largest trading partner of India in South Asia. Which of the statements given above is/are correct?
(a)1 and 2 only
(b)2 only
(c)3 only
(d)1, 2 and 3
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Not attemptedCorrect Answer: (b) 2 only
Bilateral merchandise trade with Sri Lanka has hovered around US $5 billion but has fluctuated, falling in some years, so it has not ‘consistently’ increased. Textiles and textile articles are among the top items that India exports to—and imports from—Bangladesh, making statement 2 true. Bangladesh, not Nepal, has been India’s largest South-Asian trading partner in recent years, so statement 3 is false. Consequently only statement 2 is correct. ([economictimes.indiatimes.com](https://economictimes.indiatimes.com/news/politics-and-nation/india-and-sri-lanka-to-explore-new-areas-of-economic-partnership-including-infra-connectivity/articleshow/77113680.cms?utm_source=openai))
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What is the correct answer to this UPSC 2020 Indian Economy question?▼
The correct answer is option (b): 2 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this International Trade & WTO question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2020, GS Paper 1, as Question 64. It falls under Indian Economy > International Trade & WTO.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from International Trade & WTO?▼
UPSC has asked 38 questions from International Trade & WTO (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.